BancFirst Co. (BANF) to Issue Quarterly Dividend of $0.43 on July 15th

BancFirst Co. (NASDAQ:BANF) announced a quarterly dividend on Thursday, May 23rd, Wall Street Journal reports. Shareholders of record on Friday, June 28th will be paid a dividend of 0.43 per share by the bank on Monday, July 15th. This represents a $1.72 annualized dividend and a dividend yield of 2.03%. The ex-dividend date of this dividend is Friday, June 28th.

BancFirst has raised its dividend by an average of 7.9% per year over the last three years and has increased its dividend annually for the last 30 consecutive years. BancFirst has a dividend payout ratio of 30.8% meaning its dividend is sufficiently covered by earnings. Equities analysts expect BancFirst to earn $5.51 per share next year, which means the company should continue to be able to cover its $1.72 annual dividend with an expected future payout ratio of 31.2%.

BancFirst Trading Down 0.1 %

NASDAQ BANF traded down $0.10 on Wednesday, reaching $84.65. The company had a trading volume of 20,072 shares, compared to its average volume of 62,778. The company has a quick ratio of 0.95, a current ratio of 0.96 and a debt-to-equity ratio of 0.06. BancFirst has a 52 week low of $79.99 and a 52 week high of $104.00. The stock has a market cap of $2.79 billion, a price-to-earnings ratio of 13.85 and a beta of 1.04. The stock’s 50 day moving average is $87.51 and its 200-day moving average is $88.95.

BancFirst (NASDAQ:BANF) last announced its quarterly earnings results on Thursday, April 18th. The bank reported $1.50 earnings per share for the quarter, beating analysts’ consensus estimates of $1.37 by $0.13. The business had revenue of $151.00 million for the quarter, compared to the consensus estimate of $147.75 million. BancFirst had a net margin of 24.65% and a return on equity of 14.62%. Equities analysts predict that BancFirst will post 5.8 earnings per share for the current year.

Insider Buying and Selling

In other news, EVP Dennis Jay Hannah sold 300 shares of the company’s stock in a transaction that occurred on Wednesday, April 24th. The shares were sold at an average price of $92.06, for a total value of $27,618.00. Following the completion of the transaction, the executive vice president now owns 18,414 shares in the company, valued at $1,695,192.84. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. In other news, EVP Dennis Jay Hannah sold 300 shares of the business’s stock in a transaction dated Wednesday, April 24th. The stock was sold at an average price of $92.06, for a total value of $27,618.00. Following the sale, the executive vice president now directly owns 18,414 shares in the company, valued at $1,695,192.84. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, EVP Kevin Lawrence sold 10,000 shares of the stock in a transaction dated Wednesday, May 1st. The stock was sold at an average price of $90.00, for a total value of $900,000.00. Following the transaction, the executive vice president now owns 10,000 shares of the company’s stock, valued at $900,000. The disclosure for this sale can be found here. In the last quarter, insiders have sold 16,000 shares of company stock valued at $1,453,360. 33.89% of the stock is owned by company insiders.

About BancFirst

BancFirst Corporation operates as the bank holding company for BancFirst that provides a range of commercial banking services to retail customers, and small to medium-sized businesses. The company operates through BancFirst Metropolitan Banks, BancFirst Community Banks, Pegasus, Worthington, and Other Financial Services segments.